Basis the RBI Monetary Policy announced on 06 December, 2024, quote from Eros Group as below:
Quote of Avneesh Sood - Director of Eros Group
"The RBI's decision to keep the repo rate unchanged at 6.5% reflects a cautious yet strategic approach to balancing price stability with growth, especially amidst global uncertainties. For the Indian economy, this move reinforces macroeconomic resilience, ensuring a stable environment for businesses and consumers alike. While much attention is often on affordability, what stands out is the indirect boost this provides to buyer confidence, particularly in affordable housing. By maintaining steady home loan rates during a festive season characterized by rising property demand, the RBI has effectively preserved a critical momentum in housing sales. However, it’s not just about affordability -it’s about sustaining trust in long-term investments. In the face of global headwinds, this policy reinforces India's position as a reliable market for real estate investment, with tangible benefits for first-time buyers and the overall housing ecosystem."